Trading research papers 12 replies
Will do statistical research for pips (or food) 8 replies
What research do you do when not trading? 19 replies
what's your daily morning research routine before trading? 15 replies
Disliked{quote} Ghous, when you have time, could you possibly explain a little about the next bar filling the fake out wick &, show us an ideal example of the signature of a good setup. I am a bit confused about this wick filling concept. For example, are you talking about the next bar filling the upper part of the wick or the lower part. Thanks in advanceIgnored
DislikedI understand Ghous'es frustration. Edit: Update on the levels of the pairs I am watching. It is indeed frustrating and with major news out today on USD, I am going to pass on the USD/SGD possibility. Not really viable with this minor penetration with no other confluence going on, apart from the PPZ. {image} {image}Ignored
Disliked{quote} Hey Steve, It could be either side of the wick on the bar. Depends on the story right? You have a big bullish pin bar at a historical region of support you won't be too inclined to believe that the wick on the bullish pin bar should get filled in (as in price should make its way down and fail the bullish pin bar). Like wise Price breaking out of an HHR level and the closing weakly but still above the HHR is a good sign that the next bar might continue using the HHR level as support and for a starter ooze through the space created by the...Ignored
Disliked{quote} yeah well, This has been a dodgy period of trading for sure, just another stage in the game and good idea to pass on the USD/SGD. This was making me flinch. {image} g.Ignored
Disliked{quote} I am also planning on setting up a new thread exclusively for my fake out method. I plan on discussing these issues in good bit of detail there. g.Ignored
Disliked{quote} Hey Steve, It could be either side of the wick on the bar. Depends on the story right? You have a big bullish pin bar at a historical region of support you won't be too inclined to believe that the wick on the bullish pin bar should get filled in (as in price should make its way down and fail the bullish pin bar). Like wise Price breaking out of an HHR level and the closing weakly but still above the HHR is a good sign that the next bar might continue using the HHR level as support and for a starter ooze through the space created by the...Ignored
Disliked{quote} I am also planning on setting up a new thread exclusively for my fake out method. I plan on discussing these issues in good bit of detail there. g.Ignored
Disliked{quote} Kind of hard to grasp this without any graphical explanation.Ignored
Disliked{quote} Here you go: {image} {image} Let me know if you have more questions g.Ignored
Disliked{quote} Thanks Ghous Your example explains the wick getting filled in a failed setup well. How do we use the wick to get confirmation the SFP will work. By, the wick of the SFP bar, not getting attacked, and price failing to close within the wick?Ignored
DislikedHmmmm Now, I am really confused. If it is not about the wick itself, why are we discussing the wick getting filled or not getting filled? Are we just talking about levels such as a PPZ, RN etc as in PA?Ignored
DislikedAgh, Now I get it. For some reason, I could not get my mind around that second chart and the wick. So in a nutshell, we are looking for the momentum around the upper part of the wick to not only hold but, orders to get triggered around that area before a bullish SFP bar has the wick tested in the lower section of it. This mechanism appears to be the reverse of the IPB. Thanks Ghous, it is making sense.Ignored